1 online resource (184 pages) :

We live in an era of unparalleled access to information and communication technologies. The Internet and other information tools like the television are becoming ever more central to our lives-we chat, blog, e-mail and e-shop, leaving behind our footprints in this version of public space. In addition, we are constantly bombarded with different kinds of information that seek to mould our thinking in subtle ways. The reader of this book will discover that social information networks possess qualities that are counter-intuitive. Social information networks form what are called frictionless, nonli

Includes bibliographical references (pages 178-182) and index

Information and the power law -- 1.1 The information age -- 1.2 Properties of information -- 1.3 Non-linear "frictionless" systems -- Non-linear frictionless systems -- 2.1 Thinking in circles -- 2.2 Sensitivity to initial conditions -- 2.3 Bifurcations -- 2.4 Self-similarity -- Information and rationality -- 3.1 Rational choice and ignorance -- 3.2 Information-related fallacies -- 3.3 Prisoner's dilemma and stable strategies -- 3.4 Evolutionary models of ideas -- 3.5 Satisficing behaviour -- 3.6 Conformance and cartels -- 3.7 Information commons and the attention economy -- Information networks and cascades -- 4.1 Random graphs and connectivity -- 4.2 Small-world phenomena -- 4.3 Clustered graphs and the degree of separation -- 4.4 Kleinberg connectivity -- 4.5 Information cascades in social networks -- Information and money -- 5.1 A brief history of money -- 5.2 Money as commodity and the money marketplace -- 5.3 Purchasing power dynamics in a wired world -- 5.4 Greed is bad for the strong, worse for the weak -- 5.5 Regulate what: material or money?

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